Ossipee Cornerstone Christian Academy Inc

Analysis

Ossipee Cornerstone Christian Academy Inc is a registered charity in United States, based in Ossipee, NH. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ossipee Cornerstone Christian Academy Inc reported income of $677k and spending of $653k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $520k to $677k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ossipee Cornerstone Christian Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within NH. Charities of a similar size with the same main cause include Urban Roots Garden Classrooms ($677k), Golden State Salmon Association Inc ($677k) and Innovation for Equity Inc ($677k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Other salaries and wages came to $419k. At year end it held assets of $1.2m against liabilities of $300k, net assets of $904k. It reported 27 employees.